Tag Archives: liquidation

Bitmine Buys $49M More ETH During Dip

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Bitmine just grabbed another $49M of ETH even while prices tank. Now sitting on 3. 5M ETH worth $10B second only to Strategy. Tom Lee says market makers are still broke from October crash, so pain lasts a few more weeks. Bitmine just scooped up another 17, 242 ETH for about $49 million on November 21. Which is pushing its total stash to roughly 3. 5 million ETH worth over $10 billion. That puts them right behind Strategy as the biggest corporate Ethereum holder. Even with ETH sliding hard to $2,780 and the whole market looking rough, Bitmine keeps stacking. The old mining outfit turned treasury giant is dead set on grabbing around 5% of all Ethereum out there someday. They fund the buys with fresh cash raises, staking rewards, and quiet OTC deals through desks like FalconX and BitGo so they don’t rattle the spot price. Why Prices Still Hurt Chairman Tom Lee told CNBC the market’s still stuck because big market makers got burned in the October 10 liquidation mess and haven’t rebuilt their balance sheets yet. He says it’s like 2022 all over again took eight weeks back then, we’re six weeks in now, so maybe a couple more weeks of pain before things loosen up. Bitmine’s own stock (BMNR) got hammered over 10% to $26. 02, but the company isn’t blinking. They see Ethereum as the backbone for DeFi, smart contracts, and tokenization for years to come. As liquidity creeps back, everyone’s watching if this aggressive dip buying pays off big.
https://bitcoinethereumnews.com/ethereum/bitmine-buys-49m-more-eth-during-dip/

$1.15 Billion Liquidated As Bitcoin And Ether Prices Melt Down

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**Sep 27, 2025 – Market Sees Extreme Turbulence with Over $1.15 Billion Liquidated**

The end of the week was marked by extreme market turbulence, as more than $1.15 billion in leveraged positions were liquidated across major exchanges. This cascade of forced selling primarily impacted traders holding long positions, causing Bitcoin (BTC) and Ethereum (ETH) to break through key support levels.

**Bitcoin and Ethereum Prices Fall Sharply**

Bitcoin briefly dropped below $109,000, falling 2.1% within a 24-hour period. Ethereum experienced an even steeper decline, dropping 3.3% and losing the critical $4,000 support level.

Previously, Coinidol.com reported that Bitcoin was trading within a limited range. The price fell and broke below the established support level of $111,000, which may lead to a further drop to around $107,000.

**Factors Behind the Sharp Correction**

This sudden correction was driven by several factors:

– **Heavy ETF Outflows:** Both Bitcoin and Ethereum spot ETFs recorded significant outflows, signaling a pause in institutional buying after a period of intense activity.

– **On-Chain Signals:** Analysts observed that long-term holders were realizing profits. Additionally, the Crypto Fear & Greed Index dropped sharply to levels not seen since April, indicating extreme investor caution.

– **Leverage Wipeout:** The liquidation event itself was the most immediate cause of the downturn. The forced closure of over $1.15 billion in long bets created massive selling pressure. Most losses occurred on exchanges such as Bybit and the decentralized exchange Hyperliquid.

As the market digests these developments, traders and investors are closely monitoring for signs of stabilization or further volatility in the days ahead.
https://bitcoinethereumnews.com/bitcoin/1-15-billion-liquidated-as-bitcoin-and-ether-prices-melt-down/?utm_source=rss&utm_medium=rss&utm_campaign=1-15-billion-liquidated-as-bitcoin-and-ether-prices-melt-down